Match List - I with List - II.
| List - I | List - II | ||
| (A) | Inventories | (I) | GNP - Depreciation |
| (B) | Rent | (II) | GDP + NFIA |
| (C) | GNP | (III) | Capital |
| (D) | NNP | (IV) | Factor Payment |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(II), (D)-(I)
Two items are stocks or payments, and two are national income aggregates. Each aggregate is reached from the one before it by one step.
| List-I | List-II | Reason |
|---|---|---|
| (A) Inventories | (III) Capital | Inventories are unsold stocks of goods and raw materials that a firm holds. A rise in them is counted as investment, that is, an addition to capital. |
| (B) Rent | (IV) Factor Payment | Rent is the reward paid to land, one of the factors of production. |
| (C) GNP | (II) GDP + NFIA | Gross national product is GDP plus net factor income from abroad (NFIA). |
| (D) NNP | (I) GNP - Depreciation | Net national product is GNP less depreciation, the wear and tear of capital. |
NCERT (2026-27): Introductory Macroeconomics — Chapter 2: National Income Accounting
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